Accounting Today
OCTOBER 18, 2024
So far, around 150 federal disaster declarations have already been announced for 2024, involving 44 states, two territories, and half a dozen Native American tribes or bands.
MyIRSRelief
OCTOBER 18, 2024
Navigating the complexities of tax liabilities can be daunting for many taxpayers. One of the avenues available for those struggling with significant tax debt is the IRS Offer in Compromise (OIC) program. This program allows taxpayers to settle their tax liabilities for less than the full amount owed, provided they meet certain criteria. However, one critical aspect that can affect the acceptance of an OIC is the concept of dissipated assets.
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Accounting Today
OCTOBER 18, 2024
Starting in January, cryptocurrency will need to be reported to the IRS on an account-by-account basis versus the "universal wallet" approach most had been using.
Going Concern
OCTOBER 18, 2024
Saw on Accounting Today this afternoon that Armanino has “taken on a strategic minority investment” from Further Global Capital Management. It’s behind a paywall so we don’t know what more the article says, doesn’t really matter anyway does it. There doesn’t appear to be a press release about this nor is Armanino listed on Further Global’s companies page.
Speaker: Amanda Adams, Fractional CFO, CPA
Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Amanda Adams, a seasoned fractional CFO and CPA passionate about transforming back-office operations for finance teams. This session will cover critical best practices and process improvements tailored specifically for accounting professionals.
Accounting Today
OCTOBER 18, 2024
Data Snipper releases AI-powered document validator; TaxPlanIQ announces 1-day virtual summit; IRS announces availability of 18 online seminars; and other accounting tech news.
CPA Practice
OCTOBER 18, 2024
Hosts Brian Tankersley, CPA, and Randy Johnston review TimeCredit AI, an AI assistant for technical accountants. Watch the video, or listen to the audio podcast below: Or use the below podcast player to listen: Transcript (Note: There may be typos due to automated transcription errors.) Brian F. Tankersley, CPA.CITP, CGMA 00:00 Randy, welcome to the accounting Technology Lab sponsored by CPA practice advisor.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
CPA Practice
OCTOBER 18, 2024
Withum , one of the largest accounting and consulting firms, has rolled out a new outsourcing service offering as part of its Sustainability and ESG Practice. Designed to help companies comply with the European Corporate Sustainability Reporting Directive (CSRD) , the mandate requires reporting of detailed sustainability performance as it pertains to the European Sustainability Reporting Standards (ESRS), effective January 2023.
IgniteSpot
OCTOBER 18, 2024
Over the past decade, I’ve assisted hundreds of clients in transitioning to QuickBooks Online (QBO). Many of these clients had been operating on QuickBooks Desktop and Enterprise versions for years, relying on multiple applications to integrate data into their financial systems. The shift to QBO has been about more than just moving files—it’s been about enabling business owners to access and manage their financials anytime, anywhere, whether invoicing from the road or processing payments through
Randal DeHart
OCTOBER 18, 2024
In the competitive construction world, having a strong sales strategy is essential for sustaining and growing your business. A well-defined approach can increase your project pipeline and create lasting client relationships. It will give you a framework for generating leads, closing deals, and ultimately increasing revenue through nurturing existing accounts, thought leadership, and practical pricing discussions.
Cherry Bekaert
OCTOBER 18, 2024
The Cybersecurity Maturity Model Certification (CMMC) Programmatic Rule will become effective 60 days after October 15, 2024, the date the final rule was published to the Federal Register. Contractors should begin taking steps to ensure compliance, as failure to comply with these standards can result in exclusion from Department of Defense (DoD) contracts, posing significant risks to business operations and financial stability.
Speaker: Abdi Ali, Sr. Lease Accounting Consultant
Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.
Accounting Today
OCTOBER 18, 2024
The Governmental Accounting Standards Board's Statement No. 104 requires separate disclosures for certain types of capital assets.
Withum
OCTOBER 18, 2024
facebook linkedin twitter Stay Ahead of the Cybercriminals As the cyberthreat landscape continues to evolve, businesses face increasing pressure to improve their defenses against sophisticated attacks. Download Report The Fundamentals of the Future: HLB Cybersecurity Report 2024 offers insights from a survey of 600 senior IT professionals across the globe, highlighting the top cybersecurity challenges of today.
Accounting Today
OCTOBER 18, 2024
Sax reaches $1 million milestone for annual charity run; Withum adds new ESG offering; and more news from across the profession.
CPA Practice
OCTOBER 18, 2024
TaxPlanIQ, a provider of tax planning software for tax and accounting firms, is hosting a one-day free Virtual Summit entitled “Your Playbook for Building a Tax Planning Empire” next week. This event aims to provide a complete playbook for accounting firm owners looking to start offering or enhance their existing tax planning and advisory services. This online-only event will take place from 11 a.m. to 5 p.m.
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Join us in this webinar, where we share best practices on how to think about the reconciliation work each month, when best to do reconciliations, how they should be prepared, and some common pitfalls to avoid. Learning Objectives: This course objective is to understand how to properly prepare and review balance sheet reconciliations and its impact on the financial statements.
Accounting Today
OCTOBER 18, 2024
The PCAOB's aggressive enforcement agenda overshadows the profession's achievements.
ThomsonReuters
OCTOBER 18, 2024
← Blog home In the industries of business and finance, statutory reporting is a cornerstone of transparency and compliance. Statutory reporting is a critical process for multinational corporations, involving the preparation and submission of financial statements to comply with legal obligations across various jurisdictions. By engaging in statutory reporting, corporations avoid significant fines, maintain their financial accuracy, and ensure timely submissions that meet all local compliance stan
Accounting Today
OCTOBER 18, 2024
Private equity firm Further Global has taken a minority stake in the Top 25 Firm.
Withum
OCTOBER 18, 2024
John Wanamaker once said, “Half the money I spend on advertising is wasted; the trouble is I don’t know which half.” And while this appears true for most dealerships, he made one mistake in what he said – MORE than half of the marketing spend is wasted, and you CAN determine which is which. Auto retail marketing has changed dramatically over the past 25 years.
Speaker: David Warren and Kevin O’Neill Stoll
Transitioning to a usage-based business model offers powerful growth opportunities but comes with unique challenges. How do you validate strategies, reduce risks, and ensure alignment with customer value? Join us for a deep dive into designing effective pilots that test the waters and drive success in usage-based revenue. Discover how to develop a pilot that captures real customer feedback, aligns internal teams with usage metrics, and rethinks sales incentives to prioritize lasting customer eng
Insightful Accountant
OCTOBER 18, 2024
In today’s accounting landscape, employee retention and productivity are critical to success, especially in the Client Accounting Services (CAS) sector and for bookkeepers using QuickBooks Online. Training can directly influence these outcomes.
Withum
OCTOBER 18, 2024
When thinking about AI risks and trustworthiness, particularly within business applications like Oracle NetSuite, three key areas come into focus: compliance, data privacy and security. NetSuite AI offers advanced AI-driven features to streamline business processes – but how can businesses ensure that these systems are reliable, safe and compliant with regulations?
CPA Practice
OCTOBER 18, 2024
MS Consultants (MSC), a provider of cost segregation and energy efficiency studies, has acquired the tax consulting firm Probity Tax Recovery , which will begin operating as a division of MSC starting November 1, 2024. The acquisition aligns with MSC’s strategic goals to continuously enhance service offerings and capabilities and seek opportunities for growth.
Withum
OCTOBER 18, 2024
A recent case reported in the Automotive News discussed when a parts manager pleaded guilty to ordering parts from the OEM, not stocking them into the dealer’s DMS, and selling them personally on Facebook. Between the parts cost and the FedEx account being used to ship these ‘sales,’ the dealership lost $575,000 in less than four years. 1 A similar case occurred in 2009 when a Nebraska parts manager ordered special order parts for body shops but voided the sale invoices once th
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The first Market Momentum Index: AI and Unstructured Data Management, conducted by Deep Analysis with support from AIIM and M-Files, surveyed 500 enterprises across various industries to assess their readiness to employ AI. The results reveal that AI is already far more embedded into organizations' operations than previously realized. These findings and more insights have been brought to you in the "Market Momentum Index: AI and Unstructured Data Management.
Summit CPA
OCTOBER 18, 2024
If you haven’t already noticed, direct marketing campaigns have become outdated in the 21st century. These days, if you’re the owner of a service-based business looking to boost your pipeline , indirect marketing techniques are necessary. While content marketing and search engine optimization (SEO) are still great ways to boost your business’s profile, podcasting is another solid option.
Accounting Insight
OCTOBER 18, 2024
Firmcheck, the comprehensive anti-money laundering (AML) software for accounting firms, announced a significant upgrade to its solution. The upgrade delivers enhanced capabilities that unite all compliance pillars in one intuitive platform while streamlining processes and accounting practices. The platform upgrade, driven by extensive customer feedback and market insights over the past year since launching into the UK market , transforms how accounting firms manage their AML obligations.
CPA Practice
OCTOBER 18, 2024
State CPA Society News & Updates is a selection of recent announcements and initiatives by CPA associations in the United States and its territories. The Florida Institute of Certified Public Accountants (FICPA) recently announcedJim Gurowka, CAE, as its new Chief Growth Officer (CGO), effective Sept. 30. Gurowka comes to the FICPA after a 19-year tenure as Senior Vice President of the Institute Management Accountants (IMA).
Menzies
OCTOBER 18, 2024
Menzies LLP - A leading chartered accountancy firm. What is BCorp? Your firm may be aware of recent growing interest in BCorps. Sometimes this arises where it is mentioned by existing clients or even by potneial clients during a tender process. So, what is BCorp? Certified B Corporations (BCorps) are businesses that meet high standards of social and environmental performance, accountability, and transparency.
Speaker: Mark Stovel
When it comes to automating, many firms focus on finding the latest tech, believing that efficiency is something achieved through new tools. Yet true efficiency is achieved by delivering real value to clients, not merely by upgraded systems. Without a clear approach, no level of automation can overcome the complexities of serving every client’s needs.
Accounting Insight
OCTOBER 18, 2024
Caseware, a global leader in cloud-enabled audit, financial reporting and data analytics solutions, today announced the UK launch of Caseware AiDA, its Artificial Intelligence digital assistant. As the latest enhancement to the industry-leading Caseware Cloud platform, AiDA complements Caseware’s comprehensive suite of solutions created with accounting, audit and finance professionals in mind.
Menzies
OCTOBER 18, 2024
Menzies LLP - A leading chartered accountancy firm. HMRC has recently published guidance for safety and security declaration requirements, due to come into place early next year. Background With effect from 31 January 2025, goods imported from the EU into Great Britain, must be covered by a safety and security declaration, or Entry Summary Declaration (ENS).
Ronika Khanna CPA,CA
OCTOBER 18, 2024
Deciding to transition from being an employee to self-employed business owner/freelancer/independent contractor. can be a significant life event. It can certainly be exciting as you relish the thought of greater freedom, flexibility and the ability to exercise your creativity in ways that you cannot when you are an employee. However, there is also a great deal of uncertainty, both professionally and financially.
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